Washington Parent Teacher Organization Insurance. Charities are subject to the same level of scrutiny and bureaucracy as commercial businesses. Just like company directors, trustees and parent teacher organization managers are legally responsible for their parent teacher organization's activities; from finance to health and safety, volunteers' welfare, to the promises a parent teacher organization makes.
Parent-teacher organizations (PTO) or associations (PTA) are designed to promote the involvement of parents and families in the school system in which their children are being educated. Joint membership of teachers and families within the organization provides a forum for discussion of school policies and reform, as well as funding for special school projects. Some parent-teacher organizations operate concession stands at athletic events while others may be responsible for the social activities of students. Financial backing is through membership dues, fundraisers, and donations.
Parent-teacher organizations (PTOs) are a staple and essential part of any school. They host wonderful events for students and parents that really bring the entire community together. If you're the head of a PTO, there's no doubt that you spend a lot of your time organizing and planning all of the picnics, breakfasts, book fairs, and other events that you host.
In all your planning, you likely consider things that could go wrong and make accommodations for mishaps; however, you might not think much about the need for Washington parent teacher organization insurance coverage - but you really need to. There are definite risks associated with a PTO that could put you, other members, the school, and anyone else who is involved with the organization in jeopardy of legal trouble.
Washington parent teacher organization insurance (PTO) protects your association from lawsuits with rates as low as $37/mo. Get a fast quote and your certificate of insurance now.
Like any other event that brings people together, there are several potential issues that could arise. A volunteer could fall off of a ladder while setting up a display, a carnival game could malfunction and injury a child, or someone's personal property could be damaged or stolen, for example. In the event that the unthinkable happens, you could be held legally responsible for the damages. Someone could file a lawsuit against your organization and you, personally, which could end up putting you in financially ruin.
In order to protect yourself from peril, having the right Washington parent teacher organization insurance in place is absolutely essential for a parent-teacher organization. In the event that something does go wrong and someone takes legal action, your insurance coverage will help to pay for the cost of damages, as well as defense fees.
There are several types of insurance coverage that a WA PTO should have in place. Below, we'll highlight some of the most basic types of Washington parent teacher organization insurance policies that you should invest in:
These are just some of the types of Washington parent teacher organization insurance policies that parent-teacher organizations should consider investing in. With these policies in place, you can protect yourself, the members of your PTO, and the entire organization from any mishaps that may arise.
The amount of coverage you should carry for each policy depends on a variety of factors. The size or your PTO, the amount of funding you have, and the types of events that you host are just some of the factors that should be taken into consideration when determining how much coverage you should have for each Washington parent teacher organization insurance policy.
Premises liability exposure is limited since activities take place on school property with full permission of the school. However, while the statute of sovereign immunity may apply to the schools, that same protection may not apply to activities conducted by the parent-teacher association. Any fundraiser must be evaluated based on the potential for injuries.
If services are provided by outside contractors, certificates of insurance must be obtained and maintained. Ownership for any items bought for the school, such as playground or sports equipment, should be immediately transferred to the school to eliminate liability for injuries.
Directors and officers exposure could be moderate due to activities sponsored by the association. Policies and procedures should be published and consistently followed, especially as they relate to membership, membership revocation, the election of officers, and removal of officers.
Property exposure is generally nonexistent because the group does not own anything. Most groups that purchase items for use in the schools pass ownership on to the school immediately upon purchase. If ownership is retained, storage and security of items should be reviewed.
Crime exposure is from employee dishonesty and theft of money and securities from dues and the money collected at fundraisers. As parent-teacher associations have no employees, coverage for volunteers and committee persons must be included. Parent-teacher associations are unlikely to perform background checks on members handling money.
Precautions against theft include having more than one person attending the cash drawer at all times and a separation of duties between persons handling money and reconciling bank statements. Money should be regularly collected and moved away from the collection area, preferably to a safe. Regular deposits must be made to prevent a large buildup of cash.
Inland marine exposure is generally nonexistent since most items are immediately transferred to the schools for their use. However, if the group keeps equipment to be used for fundraisers such as popcorn machines, games, and other mobile items, they should be insured using a special or miscellaneous floater.
Commercial auto exposure is limited to hired and non-owned automobile for members running errands on behalf of the association.
To find out more about insurance options for your WA PTO, speak with a reputable insurance broker to learn about the business insurance options available.
For anyone who is thinking about starting up a business, it is important that they choose a location that suites the industry that they wish to work in. With that said, in order to determine whether or not a location is the right choice for your business, you should have an idea about the state's economic status. You should also have an understanding of the WA state regulations related to the types of commercial insurance that you are required to carry.
If you are thinking about starting up a business in the State of Washington, below, we offer some insight into the state's economic status. We also offer a glimpse at the WA insurance requirements that business owners must abide by.
Washington state may be famous for its gloomy weather, but when it comes to the economy, things here look bright. The economic outlook for Washington is healthy. It is expected that there will be more jobs added in the 2019 calendar year. There will be an increase in the productivity of labor. There will also be an increase in the state's unemployment rate during the year 2019, with a forecasted rate of 4.7 percent.
Washington is regarded as one of the top for businesses in the nation. In fact, it is listed at the 11th best state for business by Forbes. The industry that is expected to see the most growth are related to STEM (science, technology, engineering, and math). Among the top industries in this state include information technology. Education, healthcare, finance, and travel and tourism also contribute largely to the awesome economy of this state.
The Washington State Office of the Insurance Commissioner regulates the insurance industry in WA. Businesses are legally required to carry workers' compensation insurance. This type of coverage is required for any business that employs either hourly or salaried employees, and either part-time or full-time employees. You are also required to carry commercial auto insurance if you use a vehicle to conduct any type of business in this state. That means that if you are using a car to transport goods, make deliveries, or meet with clients, you must carry business auto insurance.
While commercial general liability insurance is not required in Washington, it is highly recommended. This type of insurance offers protection from lawsuits and other legal fees that may arise.
Find useful articles on business insurance for non-profit 501(c)(3) organizations, charities and associations.
For 501(c) Non-Profits - Directors And Officers Liability Insurance has become an increasingly important policy to have. D&O coverage protects insured directors or officers against claims involving allegations of wrongful acts occurring while performing their duties as such. The insurance is divided into two separate coverages:
Side A coverage reimburses the individual directors and officers for payments made for loss each has incurred because of wrongful acts.
Side B coverage reimburses the corporation for the payments it has made on behalf of the directors or officers themselves.
General Liability is a foundational policy for almost any business. Most companies do not have any control over the final cost of injuries to a person injured because of their operations, products, or services. The person injured may be a young child, a blue-collar worker, a surgeon, or a homeless person.
The cost of the injuries may be comparatively minor or run into the millions of dollars, depending on the person and the extent of his or her injuries. Do you have sufficient assets to pay such a loss?
Commercial general liability insurance is designed to help you protect your assets with three main coverages:
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